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Requirements:

Martin Products uses standard costing. It allocates manufacturing overhead (both variable and fixed) to products on the basis of standard direct manufacturing labor-hours (DLH). (Click the icon to view additional information.) More Info Martin Products develops its manufacturing overhead rate from the current annual budget. The manufacturing overhead budget for 2017 is based on budgeted output of 624,000 units, requiring 3.744,000 DLH. The company is able to schedule production uniformly thorughout the year. A total of 73,000 output units requiring 318,000 DLH was produced during May 2017 Manufacturing overhead (MOH) costs incurred for May amounted to $402.980. The actual costs, compared with the annual budget and 1/12 of the annual budget are as follows: (Click the icon to view the data.) Read the requirement. Data Table Actual MOH Annual Manufacturing Overhead Budget 2017 Per Per DLH Monthly Total Output Input MOH Budget Amount Unit Unit May 2017 Costs for May 2017 Variable MOH $ 1,123,200 $ 1.80 S 0.30 $ 93,600 $ 93.600 Indirect manufacturing labor Supplies Fixed MOH 748.800 1.20 0.20 62,400 114,000 Supervision 599,040 0.96 49,020 0.16 0.15 Utilities 0.90 561,600 1,048,320 46.800 87,360 49,000 59,000 87,360 1.68 0.28 Depreciation $ 4,080,950 $ 8.54 S 1.09 S 340.080 S 402.960 Total i Requirement Calculate the following amounts for Martin Products for May 2017: 1. Total manufacturing overhead costs allocated 2. Variable manufacturing overhead spending variance 3. Fixed manufacturing overhead spending variance 4. Variable manufacturing overhead efficiency variance